UAE's Al Jaber Group close to $1.6bln debt restructuring- sources | ZAWYA MENA Edition:
"Abu Dhabi-based Al Jaber Group expects to seal a deal to restructure around 5.75 billion dirhams ($1.6 billion) in debt this month, a source at the company and other sources familiar with the matter said on Thursday.
Although the conglomerate, which was founded by the Al-Jaber family in 1970, has struggled since a downturn in construction hit the UAE after the global financial crisis, its outlook for 2018 onwards is positive, the company source told Reuters.
Al Jaber's outlook has been boosted by expected wins of new construction projects in both Abu Dhabi and Dubai. "
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